Clip Money (TSXV:CLIP) Debt-to-Equity : 13.92 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Clip Money Debt-to-Equity?

Clip Money's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.67 Mil. Clip Money's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$14.17 Mil. Clip Money's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.14 Mil. Clip Money's debt to equity for the quarter that ended in Dec. 2023 was 13.92.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Clip Money's Debt-to-Equity or its related term are showing as below:

TSXV:CLIP' s Debt-to-Equity Range Over the Past 10 Years
Min: 3.02 Med: 13.9 Max: 13.92
Current: 13.92

During the past 3 years, the highest Debt-to-Equity Ratio of Clip Money was 13.92. The lowest was 3.02. And the median was 13.90.

TSXV:CLIP's Debt-to-Equity is ranked worse than
99.55% of 2215 companies
in the Software industry
Industry Median: 0.21 vs TSXV:CLIP: 13.92

Clip Money Debt-to-Equity Historical Data

The historical data trend for Clip Money's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Clip Money Debt-to-Equity Chart

Clip Money Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

13.90

3.02

13.92

Clip Money Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						3.02	5.30	-6.10	4.05	13.92

Competitive Comparison of Clip Money's Debt-to-Equity

For the Software - Infrastructure subindustry, Clip Money's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Clip Money's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Clip Money's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Clip Money's Debt-to-Equity falls into.

Clip Money Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clip Money's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.67	+	14.174)	/	1.138
	=	13.92

Clip Money's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.67	+	14.174)	/	1.138
	=	13.92

Clip Money (TSXV:CLIP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Clip Money Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Clip Money's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Clip Money (TSXV:CLIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Clip Money Inc (TSXV:CLIP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CLPMF:USA

Address

96 Riverdale Avenue, Ottawa, ON, CAN, K1S 1R2

Website

https://www.clipmoney.com

Clip Money Inc is a Canadian-based principally in the business of providing a proprietary deposit network to businesses and financial institutions located across North America. network of ClipDrop safes located in malls, box stores, and grocery chains, Clip improves the business deposit experience through transformational digital and mobile-enabled services. Its business is located in Canada and the United States. The majority of its revenue comes from the United States.

Executives

Daren Trousdell

10% Security Holder

Clip Money (TSXV:CLIP) Headlines

No Headlines